I have a new bank account and the IRS needs my new account information. I am located in Sacramento, CA, I am 79 years old with no dependents, and my typical filing status and income for 2021 should be the same as last year, which was $25,747. My new bank account is with Wells Fargo, with routing number ###-##-#### and account number (###) ###-####. What should I do to update my bank account information with the IRS?

June 21st, 2024

I am deciding between investing in a Roth 401k vs a taxable brokerage account after maxing out my 401k. I understand that a Roth 401k offers tax-free growth and flexibility, but I am unsure if it's strictly better than a taxable brokerage account for non-retirement purposes like saving for a home purchase or child expenses. Is my understanding accurate, and can I use a Roth 401k for these purposes?

May 23rd, 2024

I am unable to retrieve the correct filing method on TurboTax to file my amendment. They provide many uncommon tax situations, but none allow me to file a 1040-SR return. Can you identify which situation applies to me?

December 27th, 2023

Can a person file a tax return if they have no income and all living expenses are paid by someone else, with no social security or medicare, and do they need to file a shared responsibility payment for a dependent not on the return?

February 28th, 2024

I am still waiting for my tax refund. I am located in Portland, Tennessee, aged 43, single, and a non-filer. I don't have any dependents. What should I do to track my refund status and what steps should I take if I still haven't received it after two weeks?

August 23rd, 2024